GTA raises Chinese tungsten price forecasts for March on tight concentrate supply, rebounding spot market

Ganzhou Tungsten Association (GTA) has increased its tungsten price forecasts for March in response to the recent rebound in prices, while raising its concerns of a supply shortage because most producers have not yet resumed operations since the Lunar New Year holiday in February.

GTA forecasts an average price for black tungsten concentrate 65% in March of 96,500 yuan ($14,388) per tonne, up by 1,500 yuan since February. The association expects ammonium paratungstate (APT) to rise by 1,000 yuan to 151,000 yuan per tonne in the same comparison. GTA has attributed the increase in its forecasted prices to a tungsten...

Published

Huaqing Fu

March 06, 2019

14:22 GMT

Shanghai